Charge cards and charge cards-i offer an alternative payment card instrument for consumers in Malaysia although its use remains relatively low.However, as charge card products operate in a similar manner to debit and credit card products, charge cards should be subject to comparable regulatory requirements.This alignment will preserve users confidence and maintain the integrity of the broader payment card ecosystem.
This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking
